National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,016 shares of the real estate investment trust’s stock after acquiring an additional 2,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in National Storage Affiliates Trust were worth $948,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TimesSquare Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 39.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after purchasing an additional 315,474 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 710 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in National Storage Affiliates Trust by 8.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 47,449 shares of the real estate investment trust’s stock valued at $1,799,000 after acquiring an additional 3,863 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in National Storage Affiliates Trust by 4.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 104,118 shares of the real estate investment trust’s stock valued at $3,924,000 after acquiring an additional 4,843 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in National Storage Affiliates Trust by 16.6% in the 4th quarter. Van ECK Associates Corp now owns 13,874 shares of the real estate investment trust’s stock valued at $526,000 after acquiring an additional 1,975 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

NSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays reduced their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Robert W. Baird upped their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.56.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $38.99 on Friday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.80 and a beta of 1.03. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50-day moving average is $37.37 and its 200-day moving average is $42.09.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.85%. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.